Maximum RONA definition
Maximum RONA in each case means the specific fiscal year-over-year improvement in RONA, expressed as a percentage, established by the Committee for the applicable Performance Period. Notwithstanding the foregoing, if the Company's RONA for the Performance Period does not meet or exceed Target ▇▇▇▇ for such fiscal year, but RONA for such Performance Period meets or exceeds ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, then fifty percent (50%) of the Performance Shares award for such Performance Period shall be earned. For the avoidance of doubt, if RONA for the Performance Period is below Threshold RONA, no Performance Shares shall be granted for such Performance Period. The Committee will develop the performance criteria for the subsequent Performance Period within the time period for developing performance goals under the regulations under Code Section 162(m). An amended Exhibit A describing the performance criteria for that Performance Period will be provided to each Participant prior to the end of the first quarter of that Performance Period and will automatically become a part of this Agreement. Performance Goals for Performance Period October 1, 2012 to September 30, 2013
Maximum RONA means, in respect to a Reference Obligation, the lower of: